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Yes Bank Crisis Live: Private lenders may hit fund bump

Customers can now pay their Yes Bank credit card dues and loans through the IMPS and NEFT services from other banks as well. Yes Bank founder Rana Kapoor has been arrested by Enforcement Directorate (ED) and will be kept in custody till March 11. A Look Out Notice has also been issued against his daughter. The RBI has placed Yes Bank under moratorium and restricted withdrawals to Rs 50,000, as the central bank assumed control of the troubled private sector lender. Track this live blog for instant updates on developments in Yes Bank.
Last Updated 11 March 2020, 04:23 IST
04:2211 Mar 2020

Yes Bank impact: Private lenders may hit fund bump

Private sector banks, especially the smaller ones, are likely to face the heat of the Yes Bank collapse, as funds will be hard to come by in the wake of the trust deficit — the most important component of the financial system.

According to top executives from five different fund houses, many big-ticket investors have become averse to parking their monies with private banks after the collapse of Yes Bank. As of date, at least three private sector lenders are actively in search of funds to buffer up their capital base — which has been depleted due to stress in their loan-books.

Read the full report here

04:1711 Mar 2020

Yes Bank's major defaulters:

Reliance Anil Ambani Group: Rs 12,800 crore

Essel Group: Rs 8.400 crore

DHFL Group: Rs 4,735 crore

IL&FS: Rs 2,500 crore

Jet Air: Rs 1,100 crore

Cox & Kings, Go Travel: Rs1,000 crore

B M Khaitan Group: Rs 1,250 crore

Omkar Realtors: Rs 2,710 crore

Radius Developers: Rs 1,200 crore

C G Power Thapar Group: Rs 500 crore

04:1611 Mar 2020

Good morning readers and welcome to our live coverage of Yes Bank crisis. Stay tuned for live updates.

11:5310 Mar 2020

After infusion, YES Bank's net worth is likely to go up to Rs 16,800 crore

YES Bank valuation, as of date, stands at a negative Rs 4,600 crore -- a precariously dangerous situation for a bank.

After infusion, the net worth is likely to go up to Rs 16,800 crore

05:3710 Mar 2020

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation," said Yes Bank on Twitter.

(Published 11 March 2020, 04:10 IST)

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